Bitcoin Price Bounces Back, But Can It Sustain Above $60K?

Bitcoin price started another increase above the $58,500 resistance. BTC is back above $60,000 and again struggling to continue higher. Bitcoin is correcting gains from the $61,200 resistance zone. The price is trading above $59,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,500 on the hourly chart of the BTC/USD pair (data... source: https://www.newsbtc.com/analysis/btc/bitcoin-price-bounces-60k/